SAN FRANCISCO-Prologis L.P., an operatingsubsidiary of Prologis Inc., has launched two cashtender offers for specified series of its outstanding debt. Theterms and conditions of the Tender Offers aredescribed in Prologis' Offer to Purchase and the related Letter ofTransmittal, each dated today.
One series of notes will be due in 2019 and the other series willbe due in 2023. The notes will be senior unsecuredobligations of the Operating Partnership and willbe fully and unconditionally guaranteed by Prologis, Inc. Theaggregate principal amounts and coupon rates of the notes will bedetermined at the time the notes are sold to investors. Theoffering will be made pursuant to an effective shelf registrationstatement filed with the Securities and ExchangeCommission.

In the short term, the Operating Partnership intends to use thenet proceeds from the sale of the notes to repay borrowings underits global line and to fund the cash purchase of certain seniornotes that are tendered pursuant to its offers to purchase suchnotes, which commenced on August 8, 2013.
A copy of the prospectus supplement and prospectus relating tothese securities may be obtained, when available, by contactingCitigroup Global Markets Inc., c/o BroadridgeFinancial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717,or telephone: 800-831-9146, or email: [email protected];Goldman, Sachs & Co., Attn: Prospectus Department, 200 WestStreet, New York, NY 10282.